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they think we could find compromise. and we're also watching the situation in the middle east. israel launching a major offensive against palestinian militants in gaza. israeli aircraft tanks have pounded the coastal strip. in response more than 100 rockets have been fired. martin fletcher will join us with the latest. oil prices off by about nine cents. crude oil at this point 86.23. steve, a lot of ground to cover and you have more of our other headlines, as well. thanks for being here. >> good to be here. china's ruling communist party unveiling its new leadership team today. vice president xi jinping taking over from hu jintao. he'll head a team of seven members in the new politburo standing committee compared to nine. they'll have to tackle everything from social unrest to issues with domestic and global economics. back here in the u.s., reports from walmart and target. at 8:30, we get weekly jobless claims. october consumer price index. and the november empire state survey. in corporate news, bp expected to pay a record u.s. criminal penalty and plead guilty to criminal miscondu
three in israel. the u.n. warns netanyahu to avoid a new cycle of blood shed. and president obama throwing down a challenge to congress as he gets set to begin critical budget talks on friday. >>> i want to bring you the italian gdp figures. italy is just the latest p second quarter figures were revised higher to 0.7 contraction from 0.8. third quarter gdp looks like it's fallen 0.2% on the quarter. that's better than was expected. it was expected to fall by about half a%. it is down 2.4% on the year. we'll get the rest of the eurozone figures out at the top of the next hour. >>> also coming up, we'll be live in beijing with updates throughout the show as xi jinping it takes over as the head of the communist party. we'll be in frankfurt for a look at how that economy has been affected. gdp showing a slowdown for germany in the third quarter. and we'll hear from the former head of the council of economic advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeate
. >>> welcome to "worldwide exchange." these are your headlines. air strikes between israel and gaza continue. the egyptian prime minister vows to spare no effort to achieve a truce. >>> in 30 days, japan may see its seventh prime minister in six years as the country dissolves its lower house and sets the stage for a possible comeback. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe because after a couple of uglier days in the market, we're seeing something of a comeback now led by technology, retail stocks are also in the green, food and beverages, autos among the sectors dragging on the in-dek. we can take a closer look at the bourses. ibex is
. they approached the border with israel and it imposes a 1,000 foot buffer zone. but part of the cease fire deal was that after 24 hour, israel would loosen up some of the restrictions on its border, as well as some of its crossings. it seems as if this was a testing of the stipulation and what happened was a gun battle there on the border. already on on both sides, whether gaza or israel, there is not a lot of faith that the cease fire is going to hold. here in this country especially in the south, there was can it is investigation that the deal w distress that the deal was made in the first place. on the gaza side, there was a celebration what they're calling a victory in this conflict. >> stephanie, thank you for that. still to come, draghi is due to speak at the conference in frankfurt. when we come back, we'll hope that he'll be speaking. s if . >>> surprise increase in business sentiment in germany quells fears over a crisis. euro climbs just a little bit after the data. the latest draft proposal falls short of demands for spending cuts would i geby germany and b. and while an agreement in
escalating between israel and gaza. now it's impacting energy prices. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearly indestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >>> superstorm sandy didn't derail the housing market after all. we have more good news out of that bee leagbeleaguered market >> they say sandy did not impact october numbers so much. it was only three days. we'll see the effects of sandy in november, however. overall didn't change the good recovery we're seeing in october. take a look. exist
factor it in? >> certainly you could consider what will be israel's response in relation to the development of iran's nuclear program. now that we've passed u.s. elections, will they show up and potentially suggest military intervention. of course that kichd development could easily add $10 to $20 on the i'll price. relative to demand, i think we're more optimistic in the sense that we're seeing the u.s. economy turn around. we have positive readings in chinese pmi data. we short term we'll get a seasonal kick with winter setting in. so all of those aspects in terms of demand will be supportive of prices. but it's ultimately very difficult to sort of balance out the net effects of trend growth in the world economy versus supply side risk and geopolitical tension. we're typically constructive on oil prices, but again with an element of caution. there are other risks out there especially in the shoth term. concerns over the u.s. fiscal cliff, for example, is one of them. >> and as you mentioned, concerns about the relationship. a hoegs was passed by by a pretty good margin.
fighting escalate in the gaza strip as we continue to watch what israel and what palestinians are doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with
Search Results 0 to 6 of about 7